What is total paid-in capital at the end of 2015

Assignment Help Accounting Basics
Reference no: EM131782184

Clothing Emporium was organized on January 3, 2015. The firm was authorized to issue 150,000 shares of $6 par common stock. During 2015, Clothing Emporium had the following transactions relating to shareholders' equity:

Issued 45,000 shares of common stock at $8 per share.

Issued 30,000 shares of common stock at $9 per share.

Reported a net income of $150,000.

Paid dividends of $75,000.

What is total paid-in capital at the end of 2015?

$555,000

$780,000

$630,000

$705,000

Reference no: EM131782184

Questions Cloud

Requirements and which have philosophical exemptions : Conduct a little research and determine which states have mandatory vaccination requirements and which have philosophical exemptions.
The value of studying ethics in leadership : Choose one of the following statements and argue your position (are you in favor or opposed to the statement). You should use at least three credible sources
Compose sentence as an inventory policy : How much to order: Find the optimal ordering quantity. Compose a sentence as an inventory policy.
Determine the overall coefficient of viscous damping : A micro cantilever is placed on a shaker that provides a variable-frequency input displacement motion u = 5 sin(~t) nm.
What is total paid-in capital at the end of 2015 : What is total paid-in capital at the end of 2015, Clothing Emporium had the following transactions relating to shareholders equity
Should lori be please with the revenue performance : Lori delegates all marketing and sales related decisions (including pricing) to her marketing manager. Should Lori be please with the revenue performance
What will happen to the interest rate spread : This means that North bank has to pay a interest rate on CDs when they mature, while charging interest rate on the 15-year mortgages.
The original value and final value : The ORIGINAL VALUE and FINAL VALUE in Solver's answer report are the same. What can be concluded?
Identify a brand in your cabinet or pantry : Identify a brand in your cabinet or pantry. Do you believe this brand will have a finite lifespan or one that lasts forever? Support your reasoning.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Compute alpha current ratio and the number of days revenue

The following information is extracted from Alpha Hospital balance sheet. Compute  Alpha current ratio and the number of days revenue in patient accounts receivable.

  Prepare a contribution margin income statement separating

Prepare a contribution margin income statement separating all variable and fixed costs into their own categories.

  The whitton company uses a discount rate of 16 the company

the whitton company uses a discount rate of 16. the company has an opportunity to buy a machine now for 18000 that will

  Clark paints the production department has been

clark paints the production department has been investigating possible ways to trim total production costs. one

  What is the costs of goods manufactured schedule for may

Millar Company has the following costs records for May 2015. Instructions - What is the costs of goods manufactured schedule for May 2015

  A current asset on emmet co. balance sheet.

A current asset on emmet co.'s balance sheet.

  Implications for information production

Why does accounting information have some features of a public good? What are the implications for information production in both unregulated and regulated markets?

  Determine the gross profit and cost of merchandise sold

Determine the gross profit, cost of merchandise sold, and ending inventory

  Lincoln products manufactures and distributes three types

lincoln products manufactures and distributes three types of golf clubs beginners intermediate and advanced. the

  Identify the contract with a customer

Under a joint Exposure Draft issued by the IASB and FASB in June 2010, Revenue from Contracts with Customers, Identify the contract with a customer

  How much of anwer rental loss can he deduct currently

How much of Anwer's $8,400 rental loss can he deduct currently if he has no sources of passive income

  Unit manufacturing costs 2445 unit variable marketing costs

unit manufacturing costs 2445 unit variable marketing costs 1045 march 1 hospital supply has an offer made by the govt.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd